Sui: Hashi Launches With $500M Bitcoin Commitment
Sui network native BTC integration reaches $500M+ commitment as Hashi launches on mainnet, enabling native Bitcoin collateral in the ecosystem at current price of $1.13.
SourceAnalysis
Sui advances Sui network native BTC integration with Hashi launching on mainnet this month backed by over $500M in commitments, allowing native Bitcoin to serve as collateral and generate yield inside the ecosystem.
The move addresses long-standing capital inefficiency for BTC holders seeking passive returns without leaving the largest crypto market.
Price action on the 4h chart shows Sui trading at $1.13 inside the Bollinger Bands with the upper band at $1.25 capping upside while the 50-EMA at $1.16 functions as immediate resistance in the bearish structure defined by the EMA200 at $1.01 and MACD death cross at -0.02; RSI at 40.32 leaves room for a test of the lower band support near $1.09 before any sustained recovery.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast